10 AI Stocks Analysts are Tracking Closely

7. Arista Networks Inc (NYSE:ANET)

Number of Hedge Fund Holders: 92

Arista Networks Inc (NYSE:ANET) is one of the 10 AI Stocks Analysts are Tracking Closely. On December 3, UBS analyst David Vogt reiterated a Buy rating on the stock with a $155.00 price target. The firm holds a positive stance on ANET, supported by a robust outlook and minimal near-term risks.

According to the firm, Arista typically does not provide guidance “assuming everything hits at 100%.” Rather, it maintains visibility for two quarters that supports its initial guidance and revisions that occur as the year progresses.

Vogt noted that Arista has provided a 20% growth goal for F26, which is earlier than usual and signals confidence. This goal is supported by Arista’s campus target of $800M in F25 and $1.25B in F26- along with expectations to exit F25 at $1.5B in Front End/Back End operations and reach $2.75B in 2026.

The firm further said in a note that Arista hasn’t highlighted any risk for Q4 or F25/26 on its last earnings call. However, there was an intention to point out tightness in the market, which is why the company increased its purchase commitments to ensure supply.

Arista Networks Inc (NYSE:ANET) develops, markets, and sells cloud networking solutions.